Annual Report and Accounts 2018

The British Business Bank Annual Reports and Accounts for 2017/18 found that the Bank delivered strongly against all four of its objectives:

• Increasing the supply of finance to smaller businesses – total stock of finance provided through Bank programmes rose by 33% to £12.25bn
• Helping create a more diverse finance market for smaller businesses – 95.6% of the support offered was delivered through smaller, newer or alternative finance providers (up from 94% in 2015/16)
• Promoting better information in the market – 50% of SMEs reported awareness of a range of finance options. The Bank’s Business Finance Guide was accessed online or distributed in hard copy nearly 85,000 times (an increase of 66% on 2016/17).
• Achieving the above while managing taxpayers’ money efficiently – an increase to 4.7% adjusted return on capital employed, exceeding the target set by Government for a fourth consecutive year